Check out the companies that made headlines after the bell: Arm Holdings — The semiconductor company reversed previous gains and fell 7% on underwhelming guidance. Arm expected first-quarter earnings of 40 cents plus or minus 4 cents a share on revenue of $1.26 billion plus or minus $50 million. That compares with FactSet estimates for 37 cents a share and revenue of $1.25 billion. Arm also said mobile market unit growth will be flat or slightly negative in fiscal 2027. DoorDash — Shares soared 12% after the food delivery giant released a rosy outlook for second-quarter orders. DoorDash sees total market order value in the range of $32.4 billion to $33.4 billion, while analysts were looking for $32.43 billion. First-quarter earnings were 42 cents per share, beating analysts’ estimates of 36 cents per share compiled by LSEG. Zillow Group — The real estate market fell 6% as first-quarter housing revenue of $450 million fell short of StreetAccount estimates of $454.2 million. However, the company outperformed overall in both sales and bottom line for the quarter. Fortinet — Cybersecurity stock rose 17%. Fortinet raised its full-year billing guidance to a range of $8.8 billion to $9.1 billion, up from its previous estimate of $8.4 billion to $8.6 billion. Full-year earnings and revenue guidance exceeded LSEG’s consensus estimates. Flutter Entertainment — LSEG said its stock price rose nearly 3% after the sports betting and gambling company posted adjusted earnings per share of $1.22 in the first quarter, beating analysts’ estimates of $1.20. Revenue of $4.3 billion also exceeded the consensus estimate of $4.29 billion. Coherent — Photonics stock fell 8%. According to FactSet, Coherent shared fourth-quarter guidance for adjusted gross profit, including analyst forecasts. Adjusted earnings for the third quarter came to $1.41 per share, narrowly beating the consensus estimate of $1.40 per share. IonQ — Stock price fell more than 6%. The quantum computing company announced an adjusted loss before interest, taxes, depreciation and amortization of $96.8 million in the first quarter. That amount is larger than the $80.4 million loss that analysts surveyed by FactSet had been looking for. Snap — The social media platform’s stock fell 7%. Snap gave a cautious outlook for second-quarter revenue in the range of $1.52 billion to $1.55 billion. The midpoint of the range is roughly in line with analysts’ expectations of $1.54 billion. Snap also said it no longer has a contract with Perplexity, a generative artificial intelligence startup. Whirlpool — The consumer electronics maker suffered a 16% loss after lowering its full-year outlook. Whirlpool now expects adjusted earnings to be between $3 and $3.50 per share on revenue of approximately $15 billion. The company had previously targeted $6 per share, or $15.3 billion to $15.6 billion. Fastly — The cloud platform provider plunged 25% as its guidance appeared to fall short of Wall Street’s expectations. Fastly expects second-quarter earnings to be between 5 cents and 8 cents per share, while LSEG’s consensus call is 4 cents. Revenue is expected to be in the range of $170 million to $176 million, compared with the $170 million expected by analysts. Separately, first-quarter results exceeded expectations for both sales and bottom line. ALBEMARLE — The specialty chemicals maker’s stock rose about 4%. First-quarter adjusted earnings beat Street estimates, coming in at $2.95 per share, compared with analysts’ expectations of $1.19 per share, according to FactSet. Sales also exceeded expectations, coming in at $1.43 billion versus the expected $1.34 billion. Adjusted EBITDA also exceeded expectations, coming in at $663.8 million versus $443.7 million. Akamai Technologies — The cybersecurity and cloud computing company fell nearly 7%. Akamai is expected to report after the close of trading on Thursday. The stock continued to rise leading up to the earnings release, and on Wednesday it rose for six straight sessions, hitting a new 52-week high. — CNBC’s Alex Harring contributed reporting.
